We see Bullish Engulfing candle on daily time frame, MACD also giving confirmation. We may see bullish move in coming trading sessions.
Please provide your feedback.
-Rachit
IBULHSGFIN fell sharply today and now expected to fall further . It has formed an inside bar on the hourly . Can sell below 728 with stop loss 740 for targets of 707 and 670 .
#IBULHSGFIN CMP 700 BUY BREAAKOUT ENTRY IF THEN PRICE ABOVE 740 FOR NONSTOP TARGET 870++
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Thanks !!
Ibull Hsg Fin has created 1-2-3 type positive divergence on daily RSI which was followed by sharp run. It is standing at resistance level of 715 (23.6%) retracement and multiple resistance zone of 710. Buy above 716 with stop loss below 700 for target 756 (38.2%) retracement and 766.
INDIABULL HOUSING FIN has made a 100% text book evening star at a resistance level and has formed an engulfing pattern on a pullback today . Can go short at CMP and stop loss of 930 for targets 800 / 750 /650 .
I suggest trading in an area where a huge position. In the chart, you can see two Tails existed which solid sellers attack.
Targets 819 and 798 are for short sellers.
